Eye-on-Retail Daily Tipsheet Archives

Florida sues Walgreens, CVS over opioid sales at CNBC. “CVS spokesman Mike DeAngelis called the lawsuit “without merit” in a statement Saturday…Walgreens said Saturday it doesn’t comment on pending lawsuits.”Read more

J Crew’s CEO is stepping down less than two years into the job at CNN. “…the company said that Jim Brett was leaving because of a disagreement with the board of directors over how to “evolve” J Crew. Four senior executives will share CEO responsibilities.”Read more

Steve Carell as Jeff Bezos on ‘Saturday Night Live’ trolls Trump by Kurt Schlosser at GeekWire. “As fake Bezos flipped through the Washington Post and showed off a delivery drone with Trump-like hair, the digs at the president came quicker and quicker…“We can pay our respects to fallen veterans, even when it’s raining outside,” fake Bezos said.”Video/Read more

JD.com feels pressure as sales of big ticket items slow at Reuters. “JD.com, which is backed by Walmart Inc, Alphabet Inc’s Google and China’s Tencent Holdings, has already lost nearly half of its market value this year as it fights intense competition for Chinese online consumers.”Read more

CNBC investigates online subscription models “We are looking into a number of businesses right now in this area,” said James Kohm, assistant director of enforcement at the FTC’s Bureau of Consumer Protection. “It’s an area that’s rife with problems right now.”Read more

7-Eleven franchisee group votes to skip annual convention for second year in a row by Maria Halkias at Dallas Morning News. “Between 2019 and 2024, 80 percent of existing 10-year and 15-year franchise agreements will expire. The franchisees said that terms of a new agreement will reduce their profits and that so far, 7-Eleven has presented it in a “take it or leave it” manner that they find “coercive.”Tiered subs.

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David’s Bridal files for bankruptcy – brides will receive their gowns on time during its restructuring at Reuters.Read more

‘Most of the oranges go in the trash’: Mpls. rule about healthy food in c-stores may be reversed by Mukhtar M. Ibrahim at Star Tribune. “Since 2014, as part of its “staple foods” ordinance, Minneapolis has required licensed grocery stores, corner shops and convenience stores to stock a variety of healthy foods from 10 categories…City officials acknowledge that they need to loosen the rules.”Tiered subs.

Publix eyes supermarket on the water in South Florida, with a boat dock and outdoor cafe tables by Howard Cohen at Miami Herald. “According to the Sun Sentinel, plans for the waterfront Publix are expected to go before Hollywood’s Technical Advisory Committee for zoning review in December, followed by the Planning and Development Board for a recommendation to the Hollywood City Commission.”Read more

Walgreens opens only Chicago store without a pharmacy by Rachel Frazin at Chicago Sun Times. “I would imagine it’s inevitable that traditional brick-and-mortar pharmacies become less prevalent,” (Professor Pickard) said. He said more and more drugs will be dispensed by pharmacists working in high-volume pharmacy centers that send patients medicine via mail.”Read more

YouTube quietly adds around 100 ad-supported Hollywood movies to its site by Sarah Perez at TechCrunch. “Before, YouTube had only offered consumers the ability to purchase movies and TV shows.”Read more

Men will be the big spenders this holiday season at CNBC. “Roughly 30 percent of men said they plan to spend more than $750 during November and December, while only about 25 percent of women said the same, according to a new study by JLL.”Read more

More than 1 million consumers canceled their cable-TV or satellite subscriptions in the past quarter, one of the largest seasonal drops ever by Drew Fitzgerald & Benjamin Mullin at Wall Street Journal.WSJ subs.

55% have shopped or intend to shop before Black Friday at Brand Keys.Read more

Amazon Prime members can see Aquaman a week early at participating cinemas at The Verge. “Meanwhile, rival Netflix has tended to cut cinemas out of its major releases, a move that’s caused it to face criticism from the film industry and had it excluded from major film festivals — although it changed its policy for this year’s release of Roma.”Read more